You have been recently appointed as an asset manager. You have three new customers. James is a 62-year old gentleman that is, to a large extent, financially independent. Yuet is 28-year old lady, young entrepreneur who is a risk-taker. Giorgio is 47-yr old gentleman, that is confident investor who may undertake limited risk. Categorise your customers according to the life-cycle view, the Bailard, Biehl and Kaiser model and the Barnewall model. Judging from the income and the personality, what strategy (Income, growth, Income and growth, Total Return Policy) will you follow for each of your customers, and why?. Write a concise Investment Policy Statement (IPS) for each of them. See Additional file for details.